10.47 USD
-0.12 (-1.13%)
10.7 USD
+0.23 (+2.2%)
Overall MITK gets a fundamental rating of 5 out of 10. We evaluated MITK against 281 industry peers in the Software industry. Both the profitability and the financial health of MITK get a neutral evaluation. Nothing too spectacular is happening here. MITK scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year MITK was profitable.
In the past year MITK had a positive cash flow from operations.
MITK had positive earnings in each of the past 5 years.
MITK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MITK has a Return On Assets of 1.92%. This is in the better half of the industry: MITK outperforms 62.63% of its industry peers.
MITK has a better Return On Equity (3.66%) than 65.12% of its industry peers.
The Return On Invested Capital of MITK (3.68%) is better than 70.46% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MITK is significantly below the industry average of 10.73%.
The 3 year average ROIC (3.01%) for MITK is below the current ROIC(3.68%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.92% | ||
| ROE | 3.66% | ||
| ROIC | 3.68% |
ROA(3y)1.56%
ROA(5y)1.49%
ROE(3y)3.03%
ROE(5y)3%
ROIC(3y)3.01%
ROIC(5y)3.2%
1.3 Margins
The Profit Margin of MITK (4.90%) is better than 64.77% of its industry peers.
MITK's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 10.87%, MITK is doing good in the industry, outperforming 76.16% of the companies in the same industry.
MITK's Operating Margin has declined in the last couple of years.
MITK's Gross Margin of 85.09% is amongst the best of the industry. MITK outperforms 92.88% of its industry peers.
In the last couple of years the Gross Margin of MITK has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.87% | ||
| PM (TTM) | 4.9% | ||
| GM | 85.09% |
OM growth 3Y-1.17%
OM growth 5Y-2.03%
PM growth 3Y32.91%
PM growth 5Y-8.66%
GM growth 3Y-0.39%
GM growth 5Y-0.44%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MITK is destroying value.
Compared to 1 year ago, MITK has more shares outstanding
MITK has more shares outstanding than it did 5 years ago.
MITK has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.87 indicates that MITK is not a great score, but indicates only limited risk for bankruptcy at the moment.
MITK has a Altman-Z score of 1.87. This is comparable to the rest of the industry: MITK outperforms 47.69% of its industry peers.
MITK has a debt to FCF ratio of 2.89. This is a good value and a sign of high solvency as MITK would need 2.89 years to pay back of all of its debts.
MITK has a better Debt to FCF ratio (2.89) than 65.12% of its industry peers.
MITK has a Debt/Equity ratio of 0.65. This is a neutral value indicating MITK is somewhat dependend on debt financing.
MITK has a Debt to Equity ratio of 0.65. This is in the lower half of the industry: MITK underperforms 69.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 2.89 | ||
| Altman-Z | 1.87 |
ROIC/WACC0.38
WACC9.64%
2.3 Liquidity
A Current Ratio of 1.19 indicates that MITK should not have too much problems paying its short term obligations.
The Current ratio of MITK (1.19) is worse than 65.48% of its industry peers.
A Quick Ratio of 1.19 indicates that MITK should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.19, MITK is doing worse than 64.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.04% over the past year.
Measured over the past 5 years, MITK shows a small growth in Earnings Per Share. The EPS has been growing by 7.68% on average per year.
Looking at the last year, MITK shows a small growth in Revenue. The Revenue has grown by 4.42% in the last year.
The Revenue has been growing by 12.15% on average over the past years. This is quite good.
EPS 1Y (TTM)1.04%
EPS 3Y2.91%
EPS 5Y7.68%
EPS Q2Q%-27.27%
Revenue 1Y (TTM)4.42%
Revenue growth 3Y7.68%
Revenue growth 5Y12.15%
Sales Q2Q%3.6%
3.2 Future
Based on estimates for the next years, MITK will show a small growth in Earnings Per Share. The EPS will grow by 7.55% on average per year.
Based on estimates for the next years, MITK will show a quite strong growth in Revenue. The Revenue will grow by 8.11% on average per year.
EPS Next Y15.04%
EPS Next 2Y7.55%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.52%
Revenue Next 2Y8.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.79 indicates a reasonable valuation of MITK.
87.54% of the companies in the same industry are more expensive than MITK, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of MITK to the average of the S&P500 Index (26.38), we can say MITK is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.38, the valuation of MITK can be described as very reasonable.
88.97% of the companies in the same industry are more expensive than MITK, based on the Price/Forward Earnings ratio.
MITK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.79 | ||
| Fwd PE | 9.38 |
4.2 Price Multiples
MITK's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MITK is cheaper than 93.24% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MITK is valued cheaper than 94.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.82 | ||
| EV/EBITDA | 7.16 |
4.3 Compensation for Growth
MITK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MITK has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.72
PEG (5Y)1.41
EPS Next 2Y7.55%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MITK does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
10.47
-0.12 (-1.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners77.63%
Inst Owner Change0.51%
Ins Owners2.92%
Ins Owner Change8.36%
Market Cap477.96M
Revenue(TTM)179.69M
Net Income(TTM)8.80M
Analysts81.82
Price Target13.52 (29.13%)
Short Float %5.4%
Short Ratio4.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.62%
Min EPS beat(2)14.53%
Max EPS beat(2)30.72%
EPS beat(4)4
Avg EPS beat(4)20.82%
Min EPS beat(4)1.42%
Max EPS beat(4)36.62%
EPS beat(8)5
Avg EPS beat(8)16.27%
EPS beat(12)9
Avg EPS beat(12)19.47%
EPS beat(16)12
Avg EPS beat(16)18.64%
Revenue beat(2)2
Avg Revenue beat(2)4.66%
Min Revenue beat(2)1.85%
Max Revenue beat(2)7.47%
Revenue beat(4)4
Avg Revenue beat(4)4.36%
Min Revenue beat(4)0.88%
Max Revenue beat(4)7.47%
Revenue beat(8)5
Avg Revenue beat(8)0.48%
Revenue beat(12)8
Avg Revenue beat(12)3.71%
Revenue beat(16)10
Avg Revenue beat(16)3.74%
PT rev (1m)1.92%
PT rev (3m)1.92%
EPS NQ rev (1m)5.75%
EPS NQ rev (3m)5.75%
EPS NY rev (1m)1.93%
EPS NY rev (3m)1.93%
Revenue NQ rev (1m)2.89%
Revenue NQ rev (3m)2.89%
Revenue NY rev (1m)1%
Revenue NY rev (3m)1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.79 | ||
| Fwd PE | 9.38 | ||
| P/S | 2.66 | ||
| P/FCF | 8.82 | ||
| P/OCF | 8.64 | ||
| P/B | 1.99 | ||
| P/tB | 7.13 | ||
| EV/EBITDA | 7.16 |
EPS(TTM)0.97
EY9.26%
EPS(NY)1.12
Fwd EY10.66%
FCF(TTM)1.19
FCFY11.34%
OCF(TTM)1.21
OCFY11.58%
SpS3.94
BVpS5.26
TBVpS1.47
PEG (NY)0.72
PEG (5Y)1.41
Graham Number10.72
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.92% | ||
| ROE | 3.66% | ||
| ROCE | 7.81% | ||
| ROIC | 3.68% | ||
| ROICexc | 7.07% | ||
| ROICexgc | 41.08% | ||
| OM | 10.87% | ||
| PM (TTM) | 4.9% | ||
| GM | 85.09% | ||
| FCFM | 30.15% |
ROA(3y)1.56%
ROA(5y)1.49%
ROE(3y)3.03%
ROE(5y)3%
ROIC(3y)3.01%
ROIC(5y)3.2%
ROICexc(3y)5.2%
ROICexc(5y)5.38%
ROICexgc(3y)32.16%
ROICexgc(5y)28.81%
ROCE(3y)4.95%
ROCE(5y)4.81%
ROICexgc growth 3Y3.88%
ROICexgc growth 5Y5.78%
ROICexc growth 3Y9.75%
ROICexc growth 5Y-8.29%
OM growth 3Y-1.17%
OM growth 5Y-2.03%
PM growth 3Y32.91%
PM growth 5Y-8.66%
GM growth 3Y-0.39%
GM growth 5Y-0.44%
F-Score6
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 2.89 | ||
| Debt/EBITDA | 4.46 | ||
| Cap/Depr | 7.47% | ||
| Cap/Sales | 0.64% | ||
| Interest Coverage | 16.78 | ||
| Cash Conversion | 158.17% | ||
| Profit Quality | 616.02% | ||
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 1.87 |
F-Score6
WACC9.64%
ROIC/WACC0.38
Cap/Depr(3y)7.17%
Cap/Depr(5y)8.92%
Cap/Sales(3y)0.69%
Cap/Sales(5y)0.8%
Profit Quality(3y)639.82%
Profit Quality(5y)641.9%
High Growth Momentum
Growth
EPS 1Y (TTM)1.04%
EPS 3Y2.91%
EPS 5Y7.68%
EPS Q2Q%-27.27%
EPS Next Y15.04%
EPS Next 2Y7.55%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.42%
Revenue growth 3Y7.68%
Revenue growth 5Y12.15%
Sales Q2Q%3.6%
Revenue Next Year8.52%
Revenue Next 2Y8.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y256.78%
EBIT growth 3Y6.43%
EBIT growth 5Y9.87%
EBIT Next Year12.51%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y79.12%
FCF growth 3Y29.04%
FCF growth 5Y18.37%
OCF growth 1Y74.64%
OCF growth 3Y28.06%
OCF growth 5Y18.07%
MITEK SYSTEMS INC / MITK FAQ
What is the ChartMill fundamental rating of MITEK SYSTEMS INC (MITK) stock?
ChartMill assigns a fundamental rating of 5 / 10 to MITK.
Can you provide the valuation status for MITEK SYSTEMS INC?
ChartMill assigns a valuation rating of 8 / 10 to MITEK SYSTEMS INC (MITK). This can be considered as Undervalued.
How profitable is MITEK SYSTEMS INC (MITK) stock?
MITEK SYSTEMS INC (MITK) has a profitability rating of 6 / 10.
Can you provide the financial health for MITK stock?
The financial health rating of MITEK SYSTEMS INC (MITK) is 4 / 10.
Can you provide the expected EPS growth for MITK stock?
The Earnings per Share (EPS) of MITEK SYSTEMS INC (MITK) is expected to grow by 15.04% in the next year.